June 2009

After Monday’s sharp gains, the U.S. dollar ended the NY trading session slightly lower against its major counterparts. The sharpest sell-off for the dollar was against the Japanese Yen while the smallest was against the Australian dollar. However the relatively modest correction in the greenback masked a significant amount of intraday volatility. [...]

The primary theme in the currency markets today was the recovery in the U.S dollar as the greenback staged its strongest rally against the Euro since March. However it was a combination rather than a single factor that drove the dollar higher. Concern about the financial sector in Europe, Russia’s shift on reserve [...]

Stock markets ended the day off of earlier lows, finally making it into positive territory. It is becoming clear that market fluctuations and significant shifts in sentiment by mid-day are becoming the norm for markets. Today started on a sour note as weakness in consumer sentiment gave little hope that renewed spending was on its [...]

US equity markets continue to make erratic turns throughout the trading day. What started as an upbeat market quickly turned south within only the first half-hour of trading. Then by the final hours of the day, markets staged a recovery, erasing much of earlier losses. The resurgence of energy prices, concern over bond yields, and [...]